DEAM.DE vs. C024.DE

Last updated Jun 5, 2026

DEAM.DE (Invesco MDAX UCITS ETF A) and C024.DE (Amundi MSCI China A II UCITS ETF Dist) are both exchange-traded funds - DEAM.DE is a Europe Equities fund tracking the MDAX®, while C024.DE is a China Equities fund tracking the MSCI China A. Both are passively managed. Over the past 5 years, DEAM.DE returned -0.95%/yr vs 0.57%/yr for C024.DE. At a 0.29 correlation, their price movements are largely independent. DEAM.DE charges 0.19%/yr vs 0.25%/yr for C024.DE.

Performance

DEAM.DE vs. C024.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco MDAX UCITS ETF A (DEAM.DE) and Amundi MSCI China A II UCITS ETF Dist (C024.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DEAM.DE achieves a 6.73% return, which is significantly lower than C024.DE's 12.05% return.

DEAM.DE

• 1D: 0.22%
• 1M: 5.09%
• YTD: 6.73%
• 6M: 10.46%
• 1Y: 5.21%
• 3Y*: 6.11%
• 5Y*: -0.95%
• 10Y*: —

C024.DE

• 1D: -0.65%
• 1M: 2.07%
• YTD: 12.05%
• 6M: 16.25%
• 1Y: 40.47%
• 3Y*: 12.08%
• 5Y*: 0.57%
• 10Y*: 7.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DEAM.DE vs. C024.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DEAM.DE Invesco MDAX UCITS ETF A	6.73%	19.33%	-6.03%	7.33%	-28.80%	13.67%	8.05%	15.51%
C024.DE Amundi MSCI China A II UCITS ETF Dist	12.05%	14.97%	22.87%	-17.78%	-16.12%	3.37%	21.54%	19.76%

Correlation

The correlation between DEAM.DE and C024.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019	0.29

Return for Risk

DEAM.DE vs. C024.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DEAM.DE

DEAM.DE Risk / Return Rank: 13
DEAM.DE Sharpe Ratio Rank: 13
DEAM.DE Sortino Ratio Rank: 13
DEAM.DE Omega Ratio Rank: 13
DEAM.DE Calmar Ratio Rank: 13
DEAM.DE Martin Ratio Rank: 14

C024.DE

C024.DE Risk / Return Rank: 83
C024.DE Sharpe Ratio Rank: 82
C024.DE Sortino Ratio Rank: 80
C024.DE Omega Ratio Rank: 77
C024.DE Calmar Ratio Rank: 91
C024.DE Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DEAM.DE vs. C024.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MDAX UCITS ETF A (DEAM.DE) and Amundi MSCI China A II UCITS ETF Dist (C024.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DEAM.DE	C024.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.28	2.60	-2.33
Sortino ratio: Return per unit of downside risk	0.54	3.52	-2.98
Omega ratio: Gain probability vs. loss probability	1.06	1.45	-0.39
Calmar ratio: Return relative to maximum drawdown	0.36	5.94	-5.58
Martin ratio: Return relative to average drawdown	0.98	18.19	-17.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DEAM.DE vs. C024.DE - Sharpe Ratio Comparison

The current DEAM.DE Sharpe Ratio is 0.28, which is lower than the C024.DE Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of DEAM.DE and C024.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DEAM.DE	C024.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.28	2.60	-2.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	0.03	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.30	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.30	-0.11

Drawdowns

DEAM.DE vs. C024.DE - Drawdown Comparison

The maximum DEAM.DE drawdown since its inception was -40.04%, smaller than the maximum C024.DE drawdown of -49.68%. Use the drawdown chart below to compare losses from any high point for DEAM.DE and C024.DE.

Drawdown Indicators

	DEAM.DE	C024.DE	Difference
Max Drawdown Largest peak-to-trough decline	-40.04%	-49.68%	+9.64%
Max Drawdown (1Y) Largest decline over 1 year	-14.47%	-6.78%	-7.69%
Max Drawdown (3Y) Largest decline over 3 years	-18.48%	-25.82%	+7.34%
Max Drawdown (5Y) Largest decline over 5 years	-40.04%	-40.47%	+0.43%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.10%	—
Current Drawdown Current decline from peak	-11.42%	-8.55%	-2.87%
Average Drawdown Average peak-to-trough decline	-16.30%	-24.80%	+8.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.26%	2.22%	+3.04%

Volatility

DEAM.DE vs. C024.DE - Volatility Comparison

The current volatility for Invesco MDAX UCITS ETF A (DEAM.DE) is 5.08%, while Amundi MSCI China A II UCITS ETF Dist (C024.DE) has a volatility of 5.71%. This indicates that DEAM.DE experiences smaller price fluctuations and is considered to be less risky than C024.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEAM.DE	C024.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.08%	5.71%	-0.63%
Volatility (6M) Calculated over the trailing 6-month period	15.33%	11.25%	+4.08%
Volatility (1Y) Calculated over the trailing 1-year period	18.59%	15.47%	+3.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.26%	22.92%	-3.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.61%	24.34%	-4.73%

DEAM.DE vs. C024.DE - Expense Ratio Comparison

DEAM.DE has a 0.19% expense ratio, which is lower than C024.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DEAM.DE vs. C024.DE - Dividend Comparison

DEAM.DE has not paid dividends to shareholders, while C024.DE's dividend yield for the trailing twelve months is around 1.69%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
C024.DE Amundi MSCI China A II UCITS ETF Dist	1.69%	1.89%	2.19%	1.98%	1.34%	1.23%	1.42%	1.88%	2.49%
DEAM.DE Invesco MDAX UCITS ETF A	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DEAM.DE and C024.DE in my portfolio?

DEAM.DE and C024.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DEAM.DE or C024.DE?

On fees, DEAM.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DEAM.DE or C024.DE?

DEAM.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for C024.DE.

What is the main difference between DEAM.DE and C024.DE?

DEAM.DE is categorized as Europe Equities, while C024.DE is China Equities. DEAM.DE tracks MDAX®, while C024.DE tracks MSCI China A. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.19% for DEAM.DE and 0.25% for C024.DE.